Producers’ share of pork retail price at 2-year high
Producers’ share of retail pork prices continued to increase during October, rising by 2 points on the previous month to reach 39%.
This is on par with levels last seen in late 2014 and is a substantial 4% higher than the year earlier figure. As retail prices continued to remain static during October, at a level 1% lower than the same month in 2015, further increases in the GB pig price were responsible for raising the producers’ stake in the retail pork price. The EU-spec APP rose by 5p/kg on the previous month, bringing it to a significant 15p/kg more than the October 2015 price. However, competition between retailers has lead to reluctance to pass on this rise to consumers.
Small movements were seen in the prices of individual cuts during the month. Fillet end leg saw the most substantial change, rising in price by 2% on the previous month. Boneless shoulder and loin steaks showed a smaller rise of 1%, while pork fillets, minced pork and traditional pork cuts declined in price by 1%. Other cuts remained stable during the period
Compared to October 2015, most cuts showed price declines. Loin steaks were most significantly cheaper, with the retail price back 4% on the year. Diced pork declined by 3% during this period, while traditional pork sausages fell in price by 2%. Most other cuts showed a smaller price decline, the exceptions being pork fillets and boneless legs which remained stable on the year and fillet end leg which was more expensive.
Bethan Wilkins, Trainee Analyst
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